Leadership Gone off the Chain

Earlier this week, the “Gang of Six” hit a big road bump as Senator Tom Coburn (R-OK), “began pressing for sharper cuts to Social Security than had been previously agreed to” and “demanded deep and immediate cuts to Medicare that went beyond anything previously proposed.” Clear “cut” signs he was being uncooperative and had to go.

More recently, he announced that he’s cooking up “his own plan to reduce the deficit by $9 trillion over ten years.” Best of luck to him, though, as it looks unlikely that the US Congress has “teeth” do any real cutting. Much like the chainsaw below, the Congressional tools the nation has on hand don’t appear up to the job it’s been designed to perform.

See the cartoon below, which came to our attention via a Chicago Tribune opinion cartoon on the US’ budget chainsaw.

About Rocky Vega:

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update — which he ran from Brazil, Chile, and Puerto Rico — as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.